Moderate stock market optimism with the Fed and the ECB, news from Google, Tesla, Figma and cryptocurrencies
• Powell's announcement that the US was back on a "disinflationary path" was enough to put the dollar on the defensive and Treasury yields lower, although he warned more data was needed before rates could be considered. “We just want to understand that the levels we're seeing are a true reflection of what's actually happening with core inflation,” Powell said at a conference in Portugal sponsored by the European Central Bank. So, the Fed remains data-driven, making the next few inflation indicators critical to determining where U.S. rates will go by the end of the year. Traders cling to two...